Tanger Inc. (SKT)
NYSE: SKT · Real-Time Price · USD
34.02
-0.49 (-1.42%)
Dec 27, 2024, 4:00 PM EST - Market closed
Tanger Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Tanger stock have an average target of 35, with a low estimate of 28 and a high estimate of 41. The average target predicts an increase of 2.88% from the current stock price of 34.02.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Tanger stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 5 | 4 | 4 | 4 | 4 | 5 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 7 | 7 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold Initiates $37 | Hold | Initiates | $37 | +8.76% | Dec 17, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $31 → $35 | Hold | Maintains | $31 → $35 | +2.88% | Nov 15, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $34 → $41 | Strong Buy | Maintains | $34 → $41 | +20.52% | Nov 13, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $35 → $40 | Hold → Strong Buy | Upgrades | $35 → $40 | +17.58% | Nov 11, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $31 → $33 | Hold | Maintains | $31 → $33 | -3.00% | Nov 7, 2024 |
Financial Forecast
Revenue This Year
508.04M
Revenue Next Year
528.76M
from 508.04M
Increased by 4.08%
EPS This Year
0.82
from 0.92
Decreased by -10.53%
EPS Next Year
0.91
from 0.82
Increased by 10.43%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 544.3M | 564.9M | 577.2M |
| Avg | 508.0M | 528.8M | 539.5M |
| Low | 481.0M | 497.8M | 515.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 11.2% | 9.2% |
| Avg | - | 4.1% | 2.0% |
| Low | - | -2.0% | -2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.90 | 1.01 | 1.09 |
| Avg | 0.82 | 0.91 | 0.95 |
| Low | 0.71 | 0.77 | 0.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.8% | 22.5% | 20.1% |
| Avg | -10.5% | 10.4% | 4.4% |
| Low | -23.3% | -5.9% | -9.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.